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| November 20, 2008 |
| Here are the Web's best new links about compliance and cost aspects of plan operation, design and policy. |
Today's sponsor is IRS & AIRE, LLC
(Click on company name or banner to learn more.)
| The Enrolled Retirement Plan Agent Program is now available! |
| Earn the privilege of practicing before the IRS with the new Enrolled Retirement Plan Agent (ERPA) designation. The initial exam window opens on January 6, 2009. Be prepared and register NOW! |
[Guidance Overview] SEC Changes Prospectus Summary Requirements
Excerpt: "On November 19, 2008, the Securities and Exchange Commission (SEC) unanimously approved proposed rules and form amendments related to mutual fund prospectus disclosure. . . . The effective date of the rule changes and form amendments is February 28, 2009. The compliance date (the date by which all funds must comply with the rules and form amendments) is January 10, 2010." (Thompson Hine)
Kennedy, Other Senators Propose 'Worker, Retiree and Employer Recovery Act of 2008'
Excerpt: "[The bill places] a one year moratorium on required minimum distributions from individual retirement accounts for 2009. . . . The funding target under the Pension Protection Act of 2006 (PPA) is phased in over three years. . . . For purposes of staving off restrictions on benefit accruals as a result of being less than 60% funded, plans would be able to lookback to the previous plan year for purposes of determining their funding status as it would apply to benefit accrual limits only. " (Senator Edward M. Kennedy (D-MA))
Morningstar Readies Pension Database
Excerpt: "The Chicago research firm today announced [on Thursday] it will launch a database of U.S. pensions, endowments and foundations, including information about their investment strategies, performance and portfolios." (FIN alternatives)
NY Times Article on Employers' Efforts to Delay PPA Funding Rules
Excerpt: "On Wednesday four senators announced a measure for consideration by the full Senate on Thursday that would give companies more time to make up investment losses and sort out other problems." (New York Times; free registration required)
Sponsored by: University Conference Services
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| The Keys to Successful Plan Management in Today’s Challenging Environment |
| Today’s volatile financial market, battered economy and changing regulatory environment have many plan sponsors trying to unlock the secrets to effectively managing their retirement plans. The Orlando Mid-Sized Retirement & Pension Plan Management Conference, January 25–28, 2009, gives you access to expert speakers and valuable information that will help you find the keys to managing your retirement program in today’s challenging environment. |
| (Please visit our sponsors. We try to make sure their products and services will be of interest to you. Thanks! --Editor) |
Links to Items on Executive Comp, Benefits in General
[Guidance Overview] New Minnesota Tax on Deferred Compensation Paid to Former Residents (PDF)
6 pages. Excerpt: "Though the new Minnesota tax targets deferred compensation, it does not impact 'retirement income' paid to nonresidents. Retirement income generally includes: . . . The three categories of remaining sources of deferred income that are affected by the new Minnesota tax are: severance pay; equity based awards; and other non-statutory deferred compensation." (Kelly, Hannaford & Battles P.A.)
Unions, As Shareholders, Use Bailout to Push Executive Compensation Reforms
Excerpt: "The Laborers' International Union of North America and the International Brotherhood of Teamsters are filing new proposals that seek compensation reforms at companies that participate in the U.S. Treasury Department's bailout program." (Risk & Governance Blog)
Can Public Employers Afford Promised Health and Retirement Benefits?
Excerpt: "Given the imminent revenue losses plaguing states, cities, counties and school districts, many of these employers are simply unprepared to start properly funding these benefits. . . . [T]he GASB Statement 45 rules permit employers to amortize their unfunded liabilities over 30 years, when the actual service lives of incumbent employees is less. And for retirees, it's even worse, as the expected lives of 65-year-old retirees is about 18 years, not 30." (Governing.com)
Employee Benefits Coming Under the Knife at More Employers
Excerpt: "For every employee who makes $75,000, a company typically spends $30,000 more in benefits. So for employees who still have jobs after cost-cutting layoffs, the potential for more pain lies ahead." (TIME)
Newly Posted Events
2008 Fall Tour: Beyond the Essentials
in Texas on December 3, 2008
presented by Ascensus
2008 Fall Tour: Beyond the Essentials
in California on December 3, 2008
presented by Ascensus
2008 Fall Tour: Beyond the Essentials
in Texas on December 5, 2008
presented by Ascensus
2008 Fall Tour: Beyond the Essentials
in California on December 5, 2008
presented by Ascensus
2008 Fall Tour: IRA Essentials
in California on December 2, 2008
presented by Ascensus
2008 Fall Tour: IRA Essentials
in Texas on December 2, 2008
presented by Ascensus
2008 Fall Tour: IRA Essentials
in Texas on December 4, 2008
presented by Ascensus
2008 Fall Tour: IRA Essentials
in California on December 4, 2008
presented by Ascensus
2008 Web/Telephone Seminar: 72(t) Payments
Nationwide on December 11, 2008
presented by Ascensus
2008 Web/Telephone Seminar: Direct Rollover and Other Portability Issues
Nationwide on December 9, 2008
presented by Ascensus
2008 Web/Telephone Seminar: IRA Reporting
Nationwide on November 25, 2008
presented by Ascensus
2008 Web/Telephone Seminar: IRA Required Minimum Distributions
Nationwide on December 4, 2008
presented by Ascensus
2008 Web/Telephone Seminar: Roth 401(k)/403(b) Provisions
Nationwide on December 2, 2008
presented by Ascensus
2009 National Health Policy Conference
in District of Columbia on February 2, 2009
presented by AcademyHealth
403(b) plan documents on ftwilliam.com
Nationwide on November 25, 2008
presented by ftwilliam.com
Newly Posted Press Releases
Consumer-Driven Health Plans Continue to Gain Momentum, as More Employers and Employees Embrace the Concept, Says Aon Consulting
Aon Consulting
Health Plans Propose Guaranteed Coverage for Pre-Existing Conditions and Individual Coverage Mandate
America’s Health Insurance Plans (AHIP)
CPI Common Remitter Services Introduces CRS PDQ
CPI Qualified Plan Consultants, Inc.
Twenty-Three Percent of Workers Do Not Pay Attention to Benefits Changes at Their Company, Finds CareerBuilder.com
CareerBuilder.com
New National PSAs Urge Americans Age 25 - 34 to 'Feed the Pig'
American Institute of Certified Public Accountants (AICPA)
Study Finds Cost of Diabetes in the United States Exceeds $217 Billion
Novo Nordisk
Newly Posted or Renewed Job Openings
(Post a Job | View All Jobs |
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Pension Administrator
for The Senex Group
in CA
Defined Benefit Pension Plan Administrator
for The ANGELL Pension Group, Inc.
in ANY STATE
System Analyst - Sungard OMNI experience
for Milliman, Inc. in either Albany, NY or West Paterson, NJ locations
in NJ, NY
401(k)/DC Administrator
for Pencor, Inc.
in FL
Defined Contribution Plan Administrator
for Al Minor & Associates, Inc.
in OH
Handy Links:
- View Today's Active Message Threads
- Using the Web for Employee Benefits Research (hypertext article)
- Employee Benefits Library
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